NetJets to buy up to 120 aircraft from Bombardier
Bombardier Inc said today it will sell as many as 120 aircraft to Warren Buffett’s NetJets Inc., a deal that could be worth more than $6.7 billion and which sent its shares soaring 8.3 percent. The deal includes a firm order for 50 jets with a list price of $2.8 billion and options to purchase another 70 planes. The purchase of 120 jets would be the largest aircraft purchase in the history of private aviation, Buffett told CNBC. NetJets, which currently operates a global fleet of more than 800 aircraft, is the corporate aircraft unit of Buffett’s Berkshire Hathaway Inc.
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